Harris protects small business owners

Tax the large corporations and the rich, and instead lower the tax for small business owners. That was Kamala Harris' message when she on Wednesday presented her business economic policy.

» Published: September 04 2024

Harris protects small business owners
Photo: Steven Senne/AP/TT

Share this article

The economy is one of the presidential election's biggest issues, and according to Reuters, an area where Republican Donald Trump has greater support than Harris.

That she, for the second time in three weeks, presented her economic visions was therefore not unexpected. Nor was it unexpected that the focus was on middle-income earners and small business owners.

You are the glue that holds our societies together, said the Democratic presidential candidate.

I want to see 25 million new small businesses during my first term, she continued in her speech in New Hampshire.

When she held a keynote speech about Americans' personal finances in mid-August, the focus was on reducing household costs in general and food prices in particular.

Her proposals were then seen more as an extension of President Joe Biden's economic policy rather than the new start she herself talked about.

On Wednesday, she instead went against Biden and his proposed budget for next year. This concerns the tax on capital gains, which currently stands at 20 percent and Biden largely wants to double.

Harris proposes lower ceilings than Biden, a move Axios calls "Harris' biggest departure from Biden's policy so far".

Donald Trump does not want to see an increase, and is expected to present new proposals for tax relief during a speech in New York on Thursday.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Trump Confirms US Negotiations with Hamas for Hostage Release
1 MIN READ

Trump Confirms US Negotiations with Hamas for Hostage Release

Trump Renames Defense Department to War Department
1 MIN READ

Trump Renames Defense Department to War Department

Lebanon Military Begins Plan to Disarm Hizbollah
1 MIN READ

Lebanon Military Begins Plan to Disarm Hizbollah

Eagle S Captain Denies Intentional Damage to Baltic Sea Cables
2 MIN READ

Eagle S Captain Denies Intentional Damage to Baltic Sea Cables

Trump Deploys 10 F-35 Fighter Jets to Puerto Rico Amid Drug War
2 MIN READ

Trump Deploys 10 F-35 Fighter Jets to Puerto Rico Amid Drug War

WHO Declares Mpox No Longer a Global Health Crisis
1 MIN READ

WHO Declares Mpox No Longer a Global Health Crisis

Sweden's Foreign Minister Meets Zelenskyj to Boost Pressure on Russia
1 MIN READ

Sweden's Foreign Minister Meets Zelenskyj to Boost Pressure on Russia

IAGS Faces Backlash Over Gaza Genocide Resolution
4 MIN READ

IAGS Faces Backlash Over Gaza Genocide Resolution

UK Government Reshuffle: Angela Rayner Resigns, David Lammy Becomes Justice Minister
2 MIN READ

UK Government Reshuffle: Angela Rayner Resigns, David Lammy Becomes Justice Minister

Israeli Military Targets Gaza High-Rises Used by Hamas
1 MIN READ

Israeli Military Targets Gaza High-Rises Used by Hamas

UN Report: Congo Violence Could Be War Crimes
1 MIN READ

UN Report: Congo Violence Could Be War Crimes

Anutin Charnvirakul Elected as Thailand's New Prime Minister
1 MIN READ

Anutin Charnvirakul Elected as Thailand's New Prime Minister

Finland Joins UN Declaration for Peaceful Gaza Solution
1 MIN READ

Finland Joins UN Declaration for Peaceful Gaza Solution

Hamas Releases New Video of Israeli Hostages Amid Ongoing Conflict
2 MIN READ

Hamas Releases New Video of Israeli Hostages Amid Ongoing Conflict

Florida Moves to End All Vaccine Mandates
2 MIN READ

Florida Moves to End All Vaccine Mandates

Lisbon Cable Car Accident: Victims Identified, Three-Year-Old Survives
1 MIN READ

Lisbon Cable Car Accident: Victims Identified, Three-Year-Old Survives

Russia Delivers Humanitarian Aid to Afghanistan After Earthquake
1 MIN READ

Russia Delivers Humanitarian Aid to Afghanistan After Earthquake

USA Adds Ecuadorian Gangs Los Lobos and Los Choneros to Terror List
1 MIN READ

USA Adds Ecuadorian Gangs Los Lobos and Los Choneros to Terror List

Suspected Madeleine McCann Case Figure to Be Released from German Prison
2 MIN READ

Suspected Madeleine McCann Case Figure to Be Released from German Prison

Trump Proposes Renaming Defense Department to Ministry of War
1 MIN READ

Trump Proposes Renaming Defense Department to Ministry of War